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Articles by Unnati Sharma

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Tax implications of cancellation of shares pursuant to capital reduction

Posted by Unnati Sharma 02 July 2020 17726 Views

As per the Act, capital reduction to the extent of accumulated profits is treated as deemed dividend under section 2(22)(d). Consequently, DDT under section 115-O was paid by the company. Accumulated profits for this purpose shall include all profits of the company upto the date of such distribution or payment whether capitalised or not



Amendment to section 44AB in Budget 2020

Posted by Unnati Sharma 02 July 2020 25143 Views

Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his Section 44AB of the Income Tax Act provides that every person is required to get his accounts audited if his




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